The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-12-25
THE b AEKS.

At the Deseret National Feak, MT.
Hills, the cashier, stated that the in
crease of 1887 over 1886 was very de-
ided. Business generally had been
much better and the com garrison Of the
reports Of the condition of the bang for
the month of December last year and
the sSme Cionth this year showed thst
the amount of the deposits was over
$500 O0U larger now than then. The
total deposits in the last statement we're
81, ll6 go. Mr.. Hills stated that the
totals of savings had run down sbout
$l2 600 his year, mai2ly because they
nave rather sought to discourage saw
ines accounts than otherwise. And it
was his opinion that when the charter
of the bsuk expired, five years hence,
the savings department would be abol-
ished altogether.
At Mccormick & Goa Mr.. Mccormick
stated that they had experienced a
very general increase in trade. The
volume OF business from D cember l.,
1885, to November 80, 1897 was $40 $50,
9I4 81. An increase Of IS, 500, 7IS.05 over
the twelve months previous. This was
exclusive of the two branch houses in
Idaho, where there would also BIS q
cain. The scarcity of money which
Cornick stated stiii existed. In view
of the generally satisfactory condition
of trade. he could trace this scarcity to
NO other soUrce tnhu ne withdrawal of
the funds of the Mormon Church"
from the AVENUES of trade. He was Of
the opinion tbst a very large sum of
this money rad been diverted by the
recent legislation.
Receipts from cattle had not been np
to the figures of previous years; bat
this had been met by the large amoaat
OF funds invested in real estate. That
portion OF the wool men who had gone
into the Wool Associations were feeling
somewhat "blue," aud it was difficult
to say whst the outcome would be
Their wool had been shipped to the
eastern market in bulk, aud some of
them had obtained advances upon
It to a greater amount thar
their whole clip would now bring
Others had drawn nothing against Their
wool; and as the eastern dealers
simply recognized the Association and
knew nothing OF the Individuals CON-
posing it very peculiar state of
affairs existed. And when call came
TO be made upon those who had OBJ
tanned the advance for return of sone
bOiiOH Vi VAC uOueS. Lue16 was ua0I0
t. be still further confusion. He, indi-
vidually, had advised sheep me,l, early
in the season, to sell their wool at the
prevailing prices, 0-hicA wera then
quite high. All who did SO had
raason TO congratulate themselves.
1t was no fault of the Asso-
eiatious, he sald thai the present
state of affairs existed. They nigh
have Ean for dozen years without en-
cOunteriDg an 'soff7s season like the one
which had met them this season.
= Mr.. J. R. 1WALKER, president of the
Union Mario al, stated that he thought
business on the whole was very much
the same as other years. It had been
a very satisfactory season with his in
sttution, as the reports, published from
time to time, would show. The deposits
of the Union Ma ional ranged some
thing over 5000 600.
Mr.. Jones, OF 7. r. Jones & Co.
stated that their business had increased
during the year, and trade generally
was in q sound condition. tG.h.5
Mr.. J. E. lDoolJ. cashier OF Wells,
Fargo d Co.'S bank, hesitsted about |
giving the information sought, but |
finally. ] said their profits fer 1887 |
were fully 3S1z per cent. larger
than for the year previous. Bushes, !